Worldquant Millennium Advisors LLC Boosts Stock Position in Tyler Technologies, Inc. (NYSE:TYL)

Worldquant Millennium Advisors LLC increased its position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 2,006.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,669 shares of the technology company's stock after buying an additional 35,881 shares during the quarter. Worldquant Millennium Advisors LLC owned 0.09% of Tyler Technologies worth $21,721,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Larson Financial Group LLC raised its position in shares of Tyler Technologies by 221.4% during the fourth quarter. Larson Financial Group LLC now owns 45 shares of the technology company's stock worth $26,000 after acquiring an additional 31 shares during the last quarter. Sierra Ocean LLC acquired a new stake in Tyler Technologies during the 4th quarter valued at approximately $32,000. Brown Brothers Harriman & Co. raised its holdings in Tyler Technologies by 300.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company's stock worth $32,000 after purchasing an additional 42 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new position in shares of Tyler Technologies in the 4th quarter worth approximately $40,000. Finally, OFI Invest Asset Management acquired a new position in shares of Tyler Technologies in the 4th quarter worth approximately $41,000. Institutional investors own 93.30% of the company's stock.

Insider Buying and Selling

In related news, Director Brenda A. Cline sold 2,500 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $577.41, for a total value of $1,443,525.00. Following the completion of the sale, the director now directly owns 2,519 shares of the company's stock, valued at approximately $1,454,495.79. This represents a 49.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $617.59, for a total value of $4,022,981.26. Following the transaction, the chief executive officer now owns 75,734 shares in the company, valued at approximately $46,772,561.06. This trade represents a 7.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,962 shares of company stock worth $13,702,451 in the last quarter. Insiders own 1.10% of the company's stock.

Tyler Technologies Stock Down 0.0%

Shares of NYSE:TYL traded down $0.18 during trading on Friday, reaching $567.24. 181,225 shares of the stock were exchanged, compared to its average volume of 260,914. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21. Tyler Technologies, Inc. has a 1-year low of $458.50 and a 1-year high of $661.31. The stock has a fifty day moving average of $561.52 and a two-hundred day moving average of $588.49. The firm has a market cap of $24.46 billion, a price-to-earnings ratio of 93.60, a price-to-earnings-growth ratio of 4.93 and a beta of 0.88.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The technology company reported $2.78 EPS for the quarter, beating analysts' consensus estimates of $2.56 by $0.22. Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. The business had revenue of $562.43 million during the quarter, compared to analyst estimates of $556.45 million. During the same quarter in the previous year, the business posted $2.20 EPS. Tyler Technologies's quarterly revenue was up 10.3% on a year-over-year basis. Research analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TYL. The Goldman Sachs Group lifted their target price on shares of Tyler Technologies from $660.00 to $728.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Wells Fargo & Company lowered their price objective on Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Needham & Company LLC reissued a "buy" rating and issued a $750.00 price objective on shares of Tyler Technologies in a research note on Tuesday, May 13th. Piper Sandler decreased their target price on Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating for the company in a research note on Friday, April 25th. Finally, Robert W. Baird lowered their target price on Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $687.82.

Tyler Technologies Company Profile

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. It operates in two segments, Enterprise Software and Platform Technologies. The company offers platform and transformative technology solutions, including cybersecurity for government agencies; data and insights solutions; digital solutions that helps workers and policymakers to share, communicate, and leverage data; payments solutions, such as billing, presentment, merchant onboarding, collections, reconciliation, and disbursements; platform technologies, an application development platform that enables government workers to build solutions and applications; and outdoor recreation solutions, including campsite reservations, activity registrations, licensing sales and renewals, and real-time data for conservation and park management.